SCO & BRICS latest news and insights
By Rhod Mackenzie
In an effort to reduce dependence on the largest Asian economy and protect the American 'green' sector from strong competitors, Washington intends to increase tariffs on Chinese goods. The Biden administration has largely left Trump's tariffs on approximately $300 billion of Chin...
By Rhod Mackenzie
Russia has been able to withstand the impact of sanctions more easily due to the 'big country trap.' This conclusion was reached by the Institute of Economics of the Russian Academy of Sciences. The scientists explain that if a state is a major player, then limiting its exports,...
By Rhod Mackenzie
Equinor, the Norwegian energy company formerly known as Statoil, has signed a 10-year contract with German state energy company SEFE. The contract requires Equinor to supply 111 TWh (10 billion cubic meters) of natural gas annually from January 1, 2024 until 2034 at a fixed price...
By Rhod Mackenzie
While the economies of the European Union (EU) states are slipping into recession, Russia's gross domestic product (GDP) is growing. Dmitry Medvedev, the Deputy Chairman of the Security Council of the Russian Federation, announced on December 19 on his social media page.
He st...
By Rhod Mackenzie
The Russian President Vladimir Putin said at the VTB international forum "Russia Calling" that the number of foreign companies operating in Russia did not decrease after the introduction of sanctions, but on the contrary increased by almost 1.5 thousand.
"As of 1 March 2022, 24...
By Rhod Mackenzie
The European Union's new package of anti-Russian sanctions will not cause significant damage to the Russian economy. Georgy Ostapkovich, the director of the Centre for Market Research at the Higher School of Economics, told Izvestiya on 18 December.
Earlier that day, the EU app...
